Peloton Interactive Expects FY25 Total Revenue Of $2.4B - $2.5B, Est $2.69B
Portfolio Pulse from Benzinga Newsdesk
Peloton Interactive has provided guidance for FY25, expecting total revenue between $2.4 billion and $2.5 billion, which is below the estimated $2.69 billion. The company anticipates a year-over-year decline in hardware sales and a modest increase in churn rates.
August 22, 2024 | 11:15 am
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Peloton Interactive's FY25 revenue guidance of $2.4B-$2.5B is below the estimated $2.69B, indicating potential challenges with declining hardware sales and increasing churn rates.
Peloton's revenue guidance is below market expectations, which could negatively impact investor sentiment. The anticipated decline in hardware sales and increase in churn rates suggest potential challenges in maintaining growth, likely leading to a short-term negative impact on the stock price.
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